What Is NOT a Possible Opportunity Cost of Attending a Four-Year

question 85

Multiple Choice

What is NOT a possible opportunity cost of attending a four-year college following high school graduation?

• A) the experience of traveling throughout Europe and staying in hostels
• B) the income earned at a full-time job
• C) the cost of tuition at a four-year college
• D) job training learned at a vocational school
• E) the cost savings from attending a community college

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Definitions:

Variable Manufacturing Cost

Costs that vary directly with the level of production output, including direct materials and direct labor expenses.

Mark-Up Percentage

The percent difference between the cost of a good or service and its selling price, used to calculate the selling price from the cost.

Contribution Margins

The amount remaining from sales revenue after variable expenses are deducted, indicating how much contributes to covering fixed costs and generating profit.

Labour Hours

The total number of hours worked by employees, used for measuring productivity or calculating costs.